Sad, Swag, just simply sad.  If all you have are companies that provide jobs but no additional tax, might as well say the same for government jobs.  Government provides jobs, workers pay tax, etc etc.

Companies might provide jobs - but it's the workers who pay the tax from that.  Those wages are entitled to the worker.  Companies are there to make a profit and that profit must be taxed - because in the end companies benefit from government services - from security, roads, telecommunications, lawful environment etc.  They don't pay for those directly always.



The same could be said for the car industries that were closed down.

In either case since they don't pay tax, no point reducing company tax - zero is still zero.

Bias_2012 wrote on Dec 19^th, 2015 at 9:30am:


This really just highlights the absurdity of the list. Who is going to delve into the operations of each and every corporation on the list just to find out whether or not it is a tolling company. The list purports to disclose tax paid in the financial year with absolutely no insights shown as to why. The inference to the casual reader by being called a name and shame list is that they are cheats. It is dishonest, dangerous and only good as a political football.

mariacostel wrote on Dec 19^th, 2015 at 10:34am:

Qantas did NOT lose $2.6B in 2013-14. Their accountants SAID they did. They had a loss largely made up of accounting fictions that only exist on figurative paper. They decided their aircraft were now worth less and so they announced a $2.6B loss. If they actually lost that amount of money in a year the company would probably be close to insolvent.

Again ... you do not have a clue what you're talking about. This is demonstrated by your inability to grasp the difference between the concepts of "profit" and "taxable profit". It is quite silly how you can keep confusing these simple concepts and try to cast doubt on the credibility of others.

So, a "few" observations -
1) Are the Published ATO figures are Correct/incorrect? And, IF they are incorrect, then why have they been allowed to be published, without being properly checked?
2) If correct, then why would such a large % of Australia's largest Businesses pay no tax or little tax?
3) If correct and such a large % of Australia's largest businesses are making little to NO PROFIT, then that could suggest that OZ is already in a Recession/Depression, although none of the major Political Party's are saying that and it would seem unlikely - YET!
4) If correct, then the more logical reason for such figures is simply that the TAX SYSTEM IS BROKEN & IS IN NEED OF A REVAMP, WHICH SHOULD HAVE HAPPENED DECADES AGO, TO ENSURE THAT BUSINESS PAID ITS FAIR SHARE OF TAX, WHICH IT CLEARLY DOES NOT!
5) We are now more interlocked than at any other period in history & in terms of Government Revenue & Expenditure, that means all sectors must carry their fair share and IF that doesn't happen, THEN ECONOMIC COLLAPSE WILL SURELY FOLLOW!
6) For quite some time now (Decades), both major Political Party's have known or should have known, that some once in history events would take place around now -
a) Demographics - Aging & Slowing Growth
b) Energy - Supply & Demand changes, would significantly affect Pricing, both UP & DOWN.
c) Climate Change - Would have significant impacts in many issues, including Energy, Food & Water.
THE POLITICIANS HAVE NOT TAKEN THE REQUIRED ACTIONS, AS THEY DWELLED MORE ON THEIR OWN SHORT TERM INTERESTS, INSTEAD OF THE LONG TERM INTERESTS OF ALL AUSTRALIANS!

Change is absolutely required & it must start now! And, the usual bickering amongst respective "supporters", will be counter-productive, it will cost us all, in the longer term!

Politicians, from all party's must start taking appropriate actions, across the board, including both Revenue & Expenditure
AND IN A BALANCED WAY, to endeavour to ward off the most dire of the effects that THEY HAVE ALREADY SET IN MOTION & WHICH IS TOO LATE LATE, TOO ENTIRELY AVOID! 

crocodile wrote on Dec 19^th, 2015 at 2:28pm:


Beware...  That was an accurate, non-ideological explanation. Bam won't be able to cope since he doesnt think Business is in fact entitled to much in the way of deductions at all.  Of course, he would complain if those deductions were disallowed and the price of EVERYTHING quintupled.

They ARE paper losses. An internal accounting transaction. They did not physically lose that money, no expenses exceeding revenue.

That does not make the transaction illegal or unwise. It also does not mean the ATO has to accept the transaction, it needs to be justified, a valuation report or the like.